SAN FRANCISCO, Feb. 16, 2016 /CNW/ - Contextual search & intelligence company, Spire Technologies, has been recognized for creating the 'Best Technology in HR Analytics' at the 24th World HRD Congress held at Mumbai. The award was given by Dr. Sanjay Muthal, ED, RGF Mgmt.

The global HCM technology market is estimated at $12 billion and is seeing 8% growth every year, an area where enterprises are making significant investments. Yet, this market is limited to only linear workflow automation systems. Hence, the problem of inefficiency in HR processes exists. This problem can be solved only by using a technology which can comprehend unstructured HR data. Spire has achieved this by creating contextual intelligence technology, which enables all the 3 efficiencies in HR - cost savings, time saving and operational excellence.

Spire TalentSHIP® has proven that the concept of machine intelligence is not just a buzzword, but a proven asset to enhance profitability through HR efficiency. It is being adopted by large global enterprises in the IT, healthcare and banking domains.

Businessoutcomes

9% increase in revenue

7% increase in cost savings

5.4% increase in profits

HRoutcomes

40% increase in time saving

60% increase in cost savings

70% efficiency increase in selection of right candidates

About Spire Technologies:

Founded in 2007, Spire is a technology company that generates contextual meaning out of ANY content whether text, audio or video; unstructured or structured. Spire's contextual search and intelligence platform is a proprietary technology that gives unprecedented data analytics, speed and accuracy with proven impact on business outcomes. It has two unique capabilities due to which it gives 95% accuracy in contextual search and 80% accuracy in demand-supply mapping.